Josh Mayne, Lowes Financial Management - 08/10/2019
Beginning at a respectable 7497.50 points, the Q3 performance of the FTSE 100 Index told a tale of three months. July continued Q2’s late form with steadily high index levels, reaching the quarter’s peak of 7686.61 on 29th July. In August, however, the index suffered a 4.98% fall over the month, having reached a low of 7067.01 on 15th August. September, a month of redemption, observed a steady rise in the index, before finishing at 7408.21 – 1.19% down on the quarter.
Almost 90% of retail structured product maturities were linked to the performance of the FTSE 100 Index; 59 plans were solely linked to the FTSE, and a further 20 plans were linked to the FTSE and another major market index. The remaining 16 plans were linked to alternative, niche indices such as the EVEN 30, or to a basket of shares.
95 products matured over the months of July, August and September, 90 of which successfully matured returning investors’ original capital in full, in addition to a gain. Five products however failed to mature with a gain, with two of these resulting in a capital loss.
Q3 structured products maturity analysis. Source: Lowes Financial Management.
|All Products||Lowes 'Preferred'|